Charter Communications (Nasdaq: CHTR) may submit a bid to acquire Cablevision's (NYSE: CVC) Optimum West cable systems, Bloomberg reported Monday.
Cablevision CEO Jim Dolan told analysts last month that the company was exploring a sale of Optimum West, which encompasses systems counting about 300,000 subscribers in Montana, Wyoming, Colorado and Utah that Cablevision acquired from Bresnan Communications in 2010 for $1.37 billion.
Charter CEO Tom Rutledge has said he is focused on growing revenue on the company's cable systems, but that it would consider mergers and acquisitions. "Our level of interest would be related to the value of the opportunity in front of us. And we'd weigh that if in fact that became available," Rutledge said on Charter's third-quarter earnings call.
Bank of America Corp. and Guggenheim Securities are advising Cablevision on the Optimum West deal, according to Bloomberg.
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